FEATURES Table 6-4 Largest Italian Shopping Centers, 2013 Macro Region


South and Island Center Center Center North North North North


South and Island South and Island Center North North


South and Island South and Island North


Municipality


Belpasso Roma Roma


Campi Bisenzio Grugliasco


Orio Al Serio Busnago


Martignacco Marcianise Nola


Fiumicino Marcon


Cortenuova Misterbianco Palermo Carugate


Source: UrbiStat (www.urbistat.com) Table 6-5 New GLA Added by Macro Regions (Millions of Square Meters)* Macro Region North Center


South and Island Total


2008


504,392 182,975 214,534 903,909


2009


558,942 130,474 274,219 965,644


2010


226,320 64,178


255,174 547,682


* Includes traditional shopping centers, retail parks and factory outlets. Source: UrbiStat (www.urbistat.com)


The Industry State of the Art Hypermarket sales began to decline in Italian shopping


centers long before the more recent intense phase of the economic crisis, according to the quarterly sales index7 elaborated by the Italian Council of Shopping Centers (Consiglio Nazionale dei Centri Commerciali, or CNCC). During 2011, quarterly sales in the sampled hypermarkets declined by 6%; traditional shopping centers, by 3%. During 2012, however, malls’ quarterly sales declined at approximately the same pace as those of hypermarkets.


2011


382,886 36,438


348,588 769,923


2012


111,400 20,758


162,218 296,388


2013F


97,100 17,625 16,246


130,971 F=Forecast


Traffic in Italian shopping centers decreased in 2012 by


a monthly average of 1.7% compared to 2011. This footfall indicator8 shows that Italian consumers cut the number of trips to shopping centers; however, it does not consider traffic in other emerging retail formats, such as retail parks and factory outlets, as well as shopping centers smaller than 20,000 sq m of GLA. New GLA delivered to the Italian market decreased


considerably after the economic crisis hit the country in 2009. Approximately 131,000 sq m of GLA are expected


7 Based on a sample including 300 shopping centers and some 3 million sq m of GLA. 8 The Italian Footfall Index, compiled by Experian Footfall, is based on data collected in 30% of all shopping centers larger than 20,000 sq m of GLA and located throughout the Italian peninsula, including the two major islands.


INTERNATIONAL COUNCIL OF SHOPPING CENTERS 29 3 RETAIL PROPERTY INSIGHTS VOL. 20, NO. 2, 2013 Name


Etnapolis Romaest


Porta Di Roma I Gigli


Shopville Le Gru Oriocenter Il Globo


Citta' Fiera Campania


Vulcano Buono Leonardo Valecenter


Le Acciaierie Centro Sicilia Conca D'Oro Carosello


Gross Leasable Area (Square Meters)


102,000 98,000 97,000 82,787 78,500 75,204 71,500 70,800 68,800 68,600 61,690 59,839 57,100 56,000 54,890 52,842


Number of Shops


130 220 241 124 165 184 155 186 200 159 209 130 152 140 100 130


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